Scalping the Forex Market for Huge Day Trading Profits

all the scalping systems you see have made up track records on paper which have never been traded - check any sold online and you're sure to find the above disclaimer.

So why doesn't it work?

Lets look at the exact reasons why and a better way to make forex profits.

The reason is simple:

There are literally millions of traders, all with different aims, objectives and experience, trading the market and what this vast diverse mass does in a few hours cannot be measured.

All volatility is random and the data cannot be used, you may as well flip a coin.

Even with the above fact in place forex day trading is based on another dumb idea. Taking small losses (wise idea) and cutting profits (dumb idea) of course you need to run your profits to cover your inevitable losses.

When day traders are lucky enough to be sitting on a profit what do they do - Cut it!

So - High percentage of small losses + Small number of small profits =

Equity Wipeout

The logic of day trading will see you lose and many vendors know this but it's a good story and sells forex trading systems and that's why you see so many that have never been traded, accompanied by clever enticing copy, don't fall for them.

If you still believe that forex scalping or day trading makes money, try and find a long term track record and you will be in for a long search!

You can make money trading forex - but you must trade the odds and you can't do that within daily time frames.

Look at any long term chart and you will see trends that last for weeks, months or years.

These forex trends are the ones you need to concentrate on. If you get the right forex trading education and learn currency trading the right way - trading the odds, you can enjoy currency trading success.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.